Kimlun Corp Bhd has clinched a construction project in Johor Bahru valued at RM133.6 million from Sunway Parkview Sdn Bhd, a subsidiary of Sunway Bhd.

The project encompasses primary construction activities for residences, ancillary structures, and amenities within a development in Johor Bahru, with an expected completion in the third quarter of 2026.

Kimlun foresees a positive impact on the group's earnings and net assets throughout the contract period.

As of September 30, 2023, Kimlun's construction order book is around RM1.86 billion, while its manufacturing order book stands at RM290 million.

Kimlun's shares closed 1.19% lower at 83 sen, reflecting a market capitalization of RM291.6 million.